Accountant is more for double checking return and having in depth conversations about taxes and business. 

I probably can get 1500-1800 per month rent for a 3 bedroom, 2 bath (appx 1200 square feet) and can build for 174,500.

The houses get beat up far more than say a 1 bedroom apartment because they are larger households occupying them and in many instances additional family members not on the voucher live with them as well without the landlords knowledge.  

So if your investing that full $200,000 getting that kind of return and you currently have almost no monthly expenses I would advise you to double down on what your doing and let it ride for as long as you can.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

We got bank financing on this property and having a local bank doing DD on the property to protect their own money seemed like a sensible way of double checking your own DD!

The workload has more than doubled with the 3 I have now (and I am technically retired).

I am sure I will be very publicly wrong, and you all can make fun of me in two years, when stocks double and real estate prices crash 20% from here, but I just don't know how you can watch this industry, this closely, for this long, and not be raring to go in the current environment. 

This will enable me to double NW every 7-8 years which is very attainable and realistic.The next logical plan going forward would be funding overfunded whole life policies and expand to lifestyle/investment properties overseas which serve many functions at once.

With the failures we endured in the past - we were able to take out original goal of $500-$600 per door and were able to double that with just 1 door.